ContextLogic Inc. (WISH) Financial Statements (2025 and earlier)

Company Profile

Business Address 2648 INTERNATIONAL BLVD., SUITE 115
OAKLAND, CA 94601
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5961 - Catalog and Mail-Order Houses (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments382,000719,0001,159,0002,129,000
Cash and cash equivalents238,000506,0001,009,0001,965,000
Short-term investments144,000213,000150,000164,000
Other undisclosed current assets28,00058,00065,000185,000
Total current assets:410,000777,0001,224,0002,314,000
Noncurrent Assets
Operating lease, right-of-use asset 5,0009,00018,00043,000
Property, plant and equipment 4,0009,00017,00025,000
Long-term investments and receivables   17,0004,000
Long-term investments   17,0004,000
Restricted cash and investments    
Other noncurrent assets 4,0004,0007,00011,000
Other undisclosed noncurrent assets    
Total noncurrent assets: 13,00022,00059,00083,000
TOTAL ASSETS:423,000799,0001,283,0002,397,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities120,000183,000241,000801,000
Accounts payable30,00053,00067,000434,000
Accrued liabilities90,000130,000174,000367,000
Customer refund liability 2,0006,00023,00077,000
Other undisclosed current liabilities 74,000120,000185,000454,000
Total current liabilities:196,000309,000449,0001,332,000
Noncurrent Liabilities
Long-term debt and lease obligation:   16,00038,000
Liabilities, other than long-term debt 10,00013,000  
Other liabilities 4,000   
Operating lease, liability 6,00013,00016,00038,000
Other undisclosed noncurrent liabilities   (16,000)(38,000)
Total noncurrent liabilities: 10,00013,00016,00038,000
Total liabilities:206,000322,000465,0001,370,000
Equity
Equity, attributable to parent217,000477,000818,0001,027,000
Additional paid in capital3,470,0003,411,0003,360,0003,210,000
Accumulated other comprehensive income (loss) (7,000)(5,000)3,0001,000
Accumulated deficit(3,246,000)(2,929,000)(2,545,000)(2,184,000)
Total equity:217,000477,000818,0001,027,000
TOTAL LIABILITIES AND EQUITY:423,000799,0001,283,0002,397,000

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues287,000571,0002,085,0002,541,000
Cost of revenue(228,000)(405,000)(977,000)(947,000)
Gross profit:59,000166,0001,108,0001,594,000
Operating expenses(387,000)(564,000)(1,475,000)(2,225,000)
Operating loss:(328,000)(398,000)(367,000)(631,000)
Loss from continuing operations before equity method investments, income taxes:(328,000)(398,000)(367,000)(631,000)
Other undisclosed income (loss) from continuing operations before income taxes16,00015,00016,000(112,000)
Loss from continuing operations before income taxes:(312,000)(383,000)(351,000)(743,000)
Income tax expense(5,000)(1,000)(10,000)(2,000)
Loss from continuing operations:(317,000)(384,000)(361,000)(745,000)
Loss before gain (loss) on sale of properties:(361,000)(745,000)
Net loss available to common stockholders, diluted:(317,000)(384,000)(361,000)(745,000)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(317,000)(384,000)(361,000)(745,000)
Comprehensive loss:(317,000)(384,000)(361,000)(745,000)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,000)(8,000)2,0001,000
Comprehensive loss, net of tax, attributable to parent:(319,000)(392,000)(359,000)(744,000)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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